The additive manufacturing method first appeared in the United States in the 1980s. This method, which is distinct from the subtractive manufacturing method that involves turning, milling, and planing pliers, was developed in the United States. It has been around for more than thirty years now. This additive manufacturing technology, also known as 3D printing, first came to the attention of the general public in 2012 and 2013, when the magazines Time in the United States and The Economist in the United Kingdom each published positive articles about the technology. The technology behind 3D printing is even considered by The Economist to be the driving force behind the third industrial revolution.
At first, the technology of additive manufacturing was restricted to the realm of scientific research and the development of new business models. Adrian Bowyer, a professor at the University of Bath, UK, aluminum casting factory developed the RepRap series of desktop 3D printers in 2009. He also evolved the concept of open source hardware, which states that every family in the world has the ability to manufacture parts. This helped cultivate the soil for the popularization of 3D printing among the general public.
From 2012 to 2013, the 3D printing technology has emerged as a technology all-star, complete with a halo on top of his head, thanks to the presence of mature conditions, media hype, a sense of mystery, and a sense of technology. In China, this wave is currently two years behind the rest of the world. In the years 2014 and 2015, the 3D printing industry was booming, and new 3D printing start-ups appeared all over the place like mushrooms after a spring shower. Companies that were previously listed as being in the laser, materials, and manufacturing industries have all hopped on the 3D printing bandwagon. The idea is operating at full capacity. It is still possible for large companies to retreat by spinning off their businesses, merging, and reorganizing, and by holding on to the high-profit market. Additional small businesses that were not able to make it until spring were added to the list of those that passed away.
Consumers were dissatisfied with the fifth generation of the flagship model Replicator due to quality problems with the print head, which resulted in high after-sales costs; shareholders were also criticized for concealing this problem from shareholders Class action. Rapid growth in sales and market expansion have brought hidden dangers to product quality. These dangers have resulted in consumer dissatisfaction with the fifth generation of the flagship model Replicator. The plan for MakerBot is to implement the quality control system developed by Stratasys, as well as China die casting mold launch new print head components, while simultaneously reducing business, laying off employees, closing stores, and reorganizing the company. MakerBot will continue to focus on the education and design markets, however. This was the tense situation.
The sales of 3D printers for use on desktop computers were the challenge that 3DSystems faced. Consumers in the United States were unimpressed by the concept of 3D printing life, which was presented at the CES exhibition in the country. People were unaware of the potential benefits that could come from investing thousands of dollars in 3D printers. The desktop Cube series of 3D printers was finally taken off the market by 3DSystems at the end of the year 2015. This decision was die cast parts made after much deliberation. Almost at the same time, the online community for 3D models called Pinshape made the announcement that it would be shutting down permanently due to financial difficulties. Pinshape's administrators are still scratching their heads over the question of how the platform will make money off of users sharing 3D models. Pinshape was brought back to life after the desktop 3D printing manufacturer Formlabs extended an olive branch, which led to the company's eventual acquisition in its entirety.
The manufacturers of 3D printing machines are confronted with the challenge of figuring out how to turn a profit. How can value be created for a business?The notion that desktop 3D printers have already made their way into thousands of households is untrue at the present time. Printing plastic components with 3D printers that cost tens of thousands of yuan each is not likely to pique the interest of customers. In the end, a desktop 3D printer is still a tool for use in niche communities, such as those associated with making, modeling, do-it-yourself (DIY), and design. Its market size is insufficient to ensure the continued existence of such a large number of businesses.
Why don't we look at it from a different angle? Let's take a look at the companies that are still operating in the 3D printing industry: Makergear, Ultimaker, Zortrax, Zhejiang Flashcasting, Hongrui, Form, and of course, MakerBot. In the maker community of North America, Makergear enjoys a lot of popularity, and players are particularly interested in Makergear's Do-It-Yourself (DIY) accessories for modifying their 3D printers, whereas in Europe, Ultimaker holds a relatively high market share. They all share one characteristic in common, which is that they are active in one or two sub-sectors, have a good reputation, have a group of loyal users, and have certain research and development capabilities, all of which are essential components of making a fortune with silence. When viewed in light of the current state of the market for desktop 3D printing, the situation is already ideal.
However, as owners and managers of businesses are required to always be looking ahead, companies that specialize in 3D printing are also facing a transformation in the form of the question of how to break into a larger market. What is meant by the term "larger market"?The obvious answer is that it is the application of 3D printing technology in commercial and industrial settings. We found two different estimates for the size of the global 3D printing market in 2017, both of which were provided by an independent organization that specializes in market research. These estimates, which ranged from $7. 8 billion to $8. 3 billion, show that the market is expanding at a rate that is more than double the rate of growth each year. The future looks promising for 3D printing in commercial and industrial settings.
When viewed from a more macro perspective, which decade best describes the state of the current global market for 3D printing?Traditional printing faces competition from digital printing in the field of two-dimensional printing due to digital printing's ability to directly print digital files and flexible customization features. Digital printing also shares similar characteristics and a development history with traditional printing. The output value of the global printing market in 2017 was 785 billion yuan, while the digital printing market has reached 187. 7 billion yuan, die casting China accounting for 23. 9% of the entire printing market. These figures come from the findings of a research organization that is not affiliated with the printing industry. In contrast, the market for 3D printing only accounts for 0. 07% of the total $12 trillion global manufacturing industry. Furthermore, the 3D printing market is still in its infancy but has enormous growth potential.
As a result, the market for 3D printing is not even close to entering its prosperous period; this is why traditional industry giants such as GE, Siemens, and HP have decided to join. Stepping on the dead body of one's adversary is the only way to claim victory on the battlefield. The rules of the jungle also apply in the business world. Insolvency, reorganization, mergers and acquisitions, and the maturation of a market will invariably go hand in hand with one another.